Monsanto To Withdraw all pending approval requests grow new types genetically modified crops with European union

Monsanto to withdraw EU pending approvals for genetically modified crops

4:29 AM, 19th July 2013
monsanto Business news

ST LOUIS, US: Monsanto Co will withdraw all pending approval requests to grow new types of genetically modified crops (GMC) in the European Union, due to the lack of commercial prospects for cultivation. The decision covered five EU approval requests to grow genetically modified maize, one soybean and one sugar beet. According to the company, it would not withdraw its application to renew the approval for its insect-resistant MON810 maize - the only GMO crop currently cultivated commercially in Europe.

“We will be withdrawing the approvals in the coming months. The decision would allow the company to focus on growing its conventional seeds business in Europe, as well as securing EU approvals to import its genetically modified crop varieties widely grown in the United States and South America,” said Jose Manuel Madero, President and Managing Director for Europe, Monsanto, to Reuters in a telephonic conversation.

The move reflects the frustration felt by many biotech companies towards the EU’s approval system for GMOs. Decisions routinely face years of delays, and only three varieties have ever been given the green light for cultivation.

© Reuters News



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